Hello sir
This query is : Resolved
Guest
Guest
(Querist)
11 February 2012
gud morning experts,
can u tell me this. that my father have 2 buses hired by fectory for his worker.than sir our gross turn over above 25 lakh . than sir can u plz tell me that
can i show my income as presumtive bases.
what will better for me.if i will show my income as presumtive for this what will i do
Regards
Rajiv
can u tell me this. that my father have 2 buses hired by fectory for his worker.than sir our gross turn over above 25 lakh . than sir can u plz tell me that
can i show my income as presumtive bases.
what will better for me.if i will show my income as presumtive for this what will i do
Regards
Rajiv
11 February 2012
You have to multiply the turnover from buses, so that the case of your father will come under the Tax Audit provisions.
.
You have to multiply the turnover of Rs 2500000 by 8 to show income on presumptive basis. Yes you can show income U/s 44AD.
.
You have to multiply the turnover of Rs 2500000 by 8 to show income on presumptive basis. Yes you can show income U/s 44AD.
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